Blend (Financial Software ) Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Public

  • Employees
  • 881

Employees

  • Stock Symbol
  • BLND

Stock Symbol

  • Investments
  • 3

  • Share Price
  • $3.91
  • (As of Friday Closing)

Blend (Financial Software ) General Information

Description

Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are; Blend Platform segment which comprises a suite of products that power the entire origination process from back-end workflows to consumer experience, and the Title segment enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of the revenue for the company is generated from the Blend Platform segment.

Contact Information

Website
www.blend.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Corporate Office
  • 415 Kearny Street
  • San Francisco, CA 94108
  • United States
+1 (650)
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Stock Exchange
NYS
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning, Mortgage Tech, FinTech, Real Estate Technology
Corporate Office
  • 415 Kearny Street
  • San Francisco, CA 94108
  • United States
+1 (650)

Blend (Financial Software ) Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Blend (Financial Software ) Stock Performance

As of 07-Feb-2025, Blend (Financial Software )’s stock price is $3.91. Its current market cap is $1B with 256M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$3.91 $3.95 $2.08 - $5.53 $1B 256M 3.09M -$0.34

Blend (Financial Software ) Financials Summary

As of 30-Sep-2024, Blend (Financial Software ) has a trailing 12-month revenue of $157M.

In Thousands,
USD
TTM 30-Sep-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 1,033,294 664,134 213,706 1,371,362
Revenue 156,715 156,846 235,201 234,495
EBITDA (53,655) (143,214) (726,845) (182,935)
Net Income (79,080) (185,320) (768,610) (171,343)
Total Assets 186,129 206,065 432,764 1,112,486
Total Debt 5,270 149,695 231,981 232,306
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Blend (Financial Software ) Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Blend (Financial Software ) Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

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Blend (Financial Software ) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services
Financial Software
San Francisco, CA
881 As of 2023

West Palm Beach, FL
 

Pleasanton, CA
 
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Blend (Financial Software ) Competitors (22)

One of Blend (Financial Software )’s 22 competitors is OpenClose, a Formerly VC-backed company based in West Palm Beach, FL.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
OpenClose Formerly VC-backed West Palm Beach, FL
ICE Mortgage technology Formerly PE-Backed Pleasanton, CA
LoanLogics Private Equity-Backed Jacksonville, FL
BeSmartee Private Equity-Backed Aliso Viejo, CA
Upstart Holdings Formerly VC-backed San Mateo, CA
You’re viewing 5 of 22 competitors. Get the full list »

Blend (Financial Software ) Patents

Blend (Financial Software ) Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10817351-B1 Method and apparatus for hybrid service event Active 13-Jul-2018
CA-3109569-A1 Method and apparatus for hybrid event service Pending 13-Jul-2018
EP-3821334-A4 Method and apparatus for hybrid event service Inactive 13-Jul-2018
EP-3821334-A1 Method and apparatus for hybrid event service Inactive 13-Jul-2018
AU-2019301838-A1 Method and apparatus for hybrid event service Inactive 13-Jul-2018 G06F9/542
To view Blend (Financial Software )’s complete patent history, request access »

Blend (Financial Software ) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Blend (Financial Software ) Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Blend (Financial Software ) Investments & Acquisitions (3)

Blend (Financial Software )’s most recent deal was a Early Stage VC with Bilt for . The deal was made on 21-Sep-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Bilt 21-Sep-2021 Early Stage VC Financial Software
Title365 30-Jun-2021 Merger/Acquisition Multi-line Insurance
La Ligna 02-Mar-2016 Merger/Acquisition Internet Retail
To view Blend (Financial Software )’s complete investments and acquisitions history, request access »

Blend (Financial Software ) ESG

Risk Overview

Risk Rating

Updated August, 02, 2023

29.04 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,842

Rank

Percentile

Software & Services

Industry

of 1,106

Rank

Percentile

Internet Software and Services

Subindustry

of 249

Rank

Percentile

To view Blend (Financial Software )’s complete esg history, request access »

Affiliates

Subsidiaries (2)

Name Industry Location Year Founded
Title365 Coraopolis, PA 2009
La Ligna Nieuwegein, Netherlands 1984

Blend (Financial Software ) FAQs

  • When was Blend (Financial Software ) founded?

    Blend (Financial Software ) was founded in 2012.

  • Where is Blend (Financial Software ) headquartered?

    Blend (Financial Software ) is headquartered in San Francisco, CA.

  • What is the size of Blend (Financial Software )?

    Blend (Financial Software ) has 881 total employees.

  • What industry is Blend (Financial Software ) in?

    Blend (Financial Software )’s primary industry is Financial Software.

  • Is Blend (Financial Software ) a private or public company?

    Blend (Financial Software ) is a Public company.

  • What is Blend (Financial Software )’s stock symbol?

    The ticker symbol for Blend (Financial Software ) is BLND.

  • What is the current stock price of Blend (Financial Software )?

    As of 07-Feb-2025 the stock price of Blend (Financial Software ) is $3.91.

  • What is the current market cap of Blend (Financial Software )?

    The current market capitalization of Blend (Financial Software ) is $1B.

  • What is Blend (Financial Software )’s current revenue?

    The trailing twelve month revenue for Blend (Financial Software ) is $157M.

  • Who are Blend (Financial Software )’s competitors?

    OpenClose, ICE Mortgage technology, LoanLogics, BeSmartee, and Upstart Holdings are some of the 22 competitors of Blend (Financial Software ).

  • What is Blend (Financial Software )’s annual earnings per share (EPS)?

    Blend (Financial Software )’s EPS for 12 months was -$0.34.

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